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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash, cash equivalents and restricted cash ($15,970 and $14,376 attributable to the variable interest entity ("VIE")) $ 57,284 $ 58,904
Accounts receivable, net 435,385 216,695
Inventories ($8,238 and $17,866 attributable to the VIE) 639,123 674,684
Prepaid and other assets 134,455 108,793
Total current assets 1,266,247 1,059,076
Property, plant and equipment, net ($9,848 and $10,089 attributable to the VIE) 260,403 254,472
Goodwill ($32,312 and $32,312 attributable to the VIE) 225,352 224,814
Intangible assets, net 547,859 525,903
Deferred income taxes 34,444 47,551
Other assets ($2,060 and $2,083 attributable to the VIE) 118,708 81,991
Total assets 2,453,013 2,193,807
Current liabilities    
Short-term debt 44,555 40,336
Accounts payable ($7,888 and $11,914 attributable to the VIE) 161,300 166,998
Accrued taxes 72,077 40,922
Accrued compensation and benefits ($857 and $1,651 attributable to the VIE) 67,319 98,245
Accrued expenses and other liabilities ($2,385 and $3,380 attributable to the VIE) 119,076 202,124
Total current liabilities 464,327 548,625
Long-term debt 784,573 527,509
Deferred income taxes 5,746 5,896
Accrued pension and other postretirement benefits 75,298 74,234
Other noncurrent liabilities ($2,147 and $2,145 attributable to the VIE) 90,251 54,177
Total liabilities 1,420,195 1,210,441
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 7,670 6,663
Shareholders' equity    
Common stock, $0.001 par value, 500,000,000 shares authorized; 76,769,461 and 76,321,523 shares issued 77 76
Additional paid-in capital 956,834 960,685
Accumulated other comprehensive loss, net of tax (113,679) (109,668)
Retained earnings 552,596 473,130
Treasury stock, at cost; 9,406,503 and 8,892,425 shares (including 2,000,839 of accrued share repurchases as of December 31, 2022) (Note 10) (408,706) (385,167)
Total equity attributable to Acushnet Holdings Corp. 987,122 939,056
Noncontrolling interests 38,026 37,647
Total shareholders' equity 1,025,148 976,703
Total liabilities, redeemable noncontrolling interests and shareholders' equity $ 2,453,013 $ 2,193,807